EUR/NZD may form a top

EUR/NZD may form a top

Trade idea

SELL 1.7190; TP 1.7005; SL 1.7220

Last week, EUR/NZD got rejected from the resistance at 1.7590 thus failing to reach new highs. This week, the pair fell below the June highs in the 1.7300 area. Moving Averages both on the weekly and the daily chart are horizontal and located well below the current price: this means that there’s scope for the euro to decline more before it reaches any support. As a result, downside targets are located at 1.7000 and the pair will arrive there if it slides below 1.7190 (200-period MA on H4), confirming the top.   



EUR/GBP: bullish targets

EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support.

How to trade EUR/USD?

EUR/USD will likely trade within the range in stayed in yesterday. The 100-period MA on the H4 (1.1225) supports the pair.

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera